Apologies for missing my usual weekly post early this week. Easter festivities got in the way.I did, however, update my latest signals table with last week’s data from the Commitments of Traders report.Signals that took effect this week: bullish for the BKX U.S. Bank Index and silver, bearish for crude oil. Other signals remained the same.Tune back in after Friday’s COT report for an updated signals table and a (more timely!) post here. [Read More...]
Recap Of the August “Data Feed Trade”
Here is a recap of the “Data Feed Trade” from August 2019. The “Data Feed Trade” is a strategy to collect premium once a month to offset your monthly exchange data fees. You can read all of the details of this strategy in the following article. Paying Exchange Market Data Fees Every Month? DON’T! On August 30, the November 2019 Crude Oil futures contract traded as high as 56.46 before selling off over 200 points. An upper trend line held, proving to be a strong resistance level. The contract price remained below the 50-day and 200-day Moving Averages. Trend and Momentum: Bearish Market Strategy: Write options to collect premium. Recommendation: Sell the 61.50 / 63.50 November 2019 call spread to collect $250 in premium. This order was filled on August 30. The 61.50 strike price was above … [Read More...]
Squawk: Dollar Index: Technical Update ; head and shoulders pattern: Daily…
Dollar Index: Technical Update ; head and shoulders pattern: Daily chart shows forming a right shoulder in inverted head and shoulder pattern technically above 95.75 can rise again till 96.55.. a… [Read More...]
Today’s Trade: Jump for Woodside gains for banks give AUS200 a lift
The S&P/ASX 200 headed higher at the open thanks to minor gains for the big four banks and hefty gains for Woodside Petroleum driven by a rally in crude oil prices. Meanwhile losses for gold have been limited by US political turmoil. [Read More...]
Squawk: WTI is Weakening on Growth & Supply Concerns by Stephen…
WTI is Weakening on Growth & Supply Concerns by Stephen Pope Oil market is focused on weakening growth Sellers are similarly concerned about the high level of production A survey of oil analysts is… [Read More...]
[VIDEO] Rath Overlay | October 2nd th 2019 | Look out Below! | DowJones, Gold, Euro, plus many more!
Watch Sr. Broker Drew Rathgeber give a [VIDEO] presentation for all of your favorite Commodity Futures Markets to include DowJones Industrial, 30YR T-Bonds, Gold, Silver, Euro Currency, Oil, etc. This is a unique presentation in [VIDEO] format making it easy for you to watch! Last about 5 minutes and will give a broad overview of exactly what he sees! Don’t miss the next move… Drew Rathgeber has been working in the Commodity Futures markets as a licensed professional for the last 13 years, watch as he uses his simple but effective technique “Rath Overlay” to give a Futures Market overview for Gold, Silver, Euro, DowJones and many more to help all Commodity Futures Traders professionals! <!– [if lte IE 8]> <![endif]–> hbspt.cta…. [Read More...]
Squawk: USDCAD bull trend neutralised; USDJPY indecisive A more aggressive selloff…
USDCAD bull trend neutralised; USDJPY indecisive A more aggressive selloff for the USDCAD Forex rate into mid-January as we had flagged was assisted by a rebound in the Oil price (benefiting the… [Read More...]